Nasdaq, Inc. (NASDAQ:NDAQ – Get Free Report) major shareholder Ab Investor purchased 56,782 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $85.98 per share, with a total value of $4,882,116.36. Following the acquisition, the insider directly owned 58,439,208 shares in the company, valued at $5,024,603,103.84. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Nasdaq Stock Performance
NASDAQ NDAQ opened at $89.29 on Wednesday. The stock has a market capitalization of $50.50 billion, a PE ratio of 26.89, a P/E/G ratio of 1.82 and a beta of 0.97. The business has a 50 day simple moving average of $89.02 and a two-hundred day simple moving average of $90.12. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.00 and a quick ratio of 1.00. Nasdaq, Inc. has a 1-year low of $77.09 and a 1-year high of $101.79.
Nasdaq (NASDAQ:NDAQ – Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.79 EPS. On average, research analysts predict that Nasdaq, Inc. will post 3.86 EPS for the current fiscal year.
Nasdaq Increases Dividend
Analyst Ratings Changes
Several equities analysts have weighed in on the company. Wall Street Zen upgraded Nasdaq from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Loop Capital set a $113.00 price target on Nasdaq in a report on Friday, April 24th. Raymond James Financial reiterated an “outperform” rating and issued a $109.00 target price on shares of Nasdaq in a report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Nasdaq in a report on Wednesday, April 22nd. Finally, Barclays lifted their target price on Nasdaq from $115.00 to $116.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.36.
View Our Latest Report on Nasdaq
Institutional Investors Weigh In On Nasdaq
A number of institutional investors and hedge funds have recently bought and sold shares of NDAQ. MV Capital Management Inc. bought a new stake in Nasdaq during the 4th quarter valued at $28,000. SOA Wealth Advisors LLC. bought a new position in shares of Nasdaq in the 4th quarter worth $34,000. Nemes Rush Group LLC bought a new position in shares of Nasdaq in the 4th quarter worth $35,000. Uniplan Investment Counsel Inc. bought a new position in shares of Nasdaq in the 4th quarter worth $35,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Nasdaq in the 4th quarter worth $37,000. 72.47% of the stock is owned by institutional investors.
Nasdaq Company Profile
Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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